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Search Results 0 to 49 of about 720 (some duplicates have been removed)
FOX
Sep 18, 2012 4:00am PDT
$50-billion bailout in 2009, and now the u.s. owns over 26% of the company. gm wants to buy back 200 million of the 500 million shares that the u.s. government bought. at its current stock price of around 23 dollars, the u.s. would lose about $15 billion on the gm bailout if it sold its entire stake. according to reports, gm stock would have to rise above 53 dollars a share for the u.s. to break even and consider the bailout a success. we'll take a more in-depth look at gm's stock later in chart talk. consumer spending is the core component of our economy. high household debt has been a damper on spending, but things are looking up. usa today reports that consumer debt levels are dropping, housing is improving and the lift in the job market could boost consumer spending by 3.5% by the end of 2013. it was out-of-control debt that brought on the recession, but, apparently chastened, we're managing household cash flow a lot more wisely, and are regularly setting money aside to shrink credit card and other debt. corporations could be bracing for a drop in profit. wall street is expecting
FOX Business
Sep 17, 2012 8:00pm EDT
. listen to those rescued now rumbling a certain automaker. now balking, not much coverage about how gm wants out from unelsuncle sam's thumb, but uncm is not relending, bet tear keep taxpayers in the fog. i just find it amazing a mainstream media that would sooner pounce on mitt romney's every false move, gets away with it. i only heard one say respond spontaneous, i am only one that noticed romney getting read the riot act but not the president, the president gets a pass. they could call this a question his leadership, that gets a pass. not well, not nair, not right. and so say 50 days out president has no need to fear a mideast uprising, and economic news at home dismal is incredible, 50 days is a long time. and long time to cover for somebody. i am not saying that media has any responsibility for going light on mitt romney but just provide the same critical coverage on the guy you have already invested considerable time. the guy who mitt romney wants to beat, it september, i say quit acting like is november. to a former top executive at microsoft said it is time for media to stop be
FOX News
Sep 22, 2012 8:00am PDT
government. in a segment we are going to get to. it is awful that our government owned gm. and when singapore owns these business. the great thing about america we had a free political system and economy . now we are squeezed. >> rick has problems with one particular study. it is validated. it is in the spectrum and from libitarians and liberals. they are saying the same thing and steve is right. all business and growth happens on the margin it is weather a business person will invest in the next factory or hire the next person . when that doesn't happen the economy stalls and that is what is happening because of all of the confusion coming out of the washington. >> morgan look at tens of thousands of regulations and you have to admit just by looking at the numbers we have more than we are used to. >> sure, but the truth of the matter, i take the report with a grain of salt it comes down to methodology . the latest is data and 20 10. and to be honest. the truth of the matters, we are coming out of a worst recessions and we wouldn't see ge and on shore facris and jobs. maybe we would
CNBC
Sep 17, 2012 3:00pm EDT
special edition of "closing bell." >>> coming up -- not so fast. gm says the government's bailout of the automaker is hurting its aim little and its business and it wants out. but it could cost taxpayers billions in losses. should uncle sam wait until it gets its money back or is ditching the bailout the only way for gm to move ahead? >>> plus, phoning it in. the iphone 5 flies off the shelf. is there a way to make money from this phenomenon without owning apple stock? the answer you can't afford to miss is straight ahead. >>> and the battle ahead. investment profits front and center. as congress takes on capital gains this week. could this be a linchpin moment for the future of tax reform in this country? that's all ahead on "closing bell." with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative r
CBS
Sep 5, 2012 4:00am PDT
workers showing up for the midday shift at gm's plant in arlington, texas, were smiling. >> that's wonderful. i hope they keep going up. everybody here needs to keep working. >> sales growth in august exceeded predictions and led usually cautious company executives like kurt mcneill of gm to crow about their progress. >> when you think about all the jobs that we provide to the u.s. and the supply base, it's incredibly important and it will continue to become more and more important to this great country. >> a small bump in the construction industry fueled pickup sales and it helped move suvs and sedans. with easier financing. cars.com says car makers have recovered from the recession. >> there's no doubt the u.s. industry is in better shape. the entire auto industry is in better shape than four years ago. it's really returning more to the way things were before 2008. >> the u.s. industry is now on pace to sell 14.5 million vehicles this year, 4 million more than their 30-year sales low in 2009. but to get to this point, chrysler and gm had to go through bankruptcy, had to close mor
CNBC
Sep 10, 2012 7:00pm EDT
and bankrupt the city of chicago. it's a tragic story. >>> also tonight, is gm being zapped by the vault? new numbers say government motors is losing $49,000 per car. it sells them for 40 grand. by the way, toyotas are sold for 20 grand. of course americans are not buying the vault and it's sparking taxpayer outrage. who is to blame for this. presidential candidate mitt romney and barack obama have done a lot of talking these past two weeks at conventions and battleground states and making the rounds on the television news circuits. it's on specifics the candidates seem to come up short time and time again. john harwood has the full story. good evening. >> good evening, larry. one of the enduring frustrations of reporters and some voters is the inability to get candidates to specify their positions on some important issues. the reason why they don't do it is pretty simple, to maximize the number of people who agree with them and enemies they make. case in point, mitt romney on "meet the press," perfectly willing to talk about how much he wants to reduce tax rates but won't get spec
FOX News
Sep 15, 2012 3:00am EDT
keeping buyer usa way. gm says research is grossly wrong. it accuses the news agency of bad math. it all raises the question, what is the latest with bunny and the balloon? >> if i had known this video was in the story we would have done this story. i don't want to talk about the volt. we all know it is a failure. it is a metaphor for a government intervention. and here we go missing a great video. sean, thoughts on the volt? >> well, it is ugly, but at least it costs a lot. so there is that. this is the same that had us investing in saw linda. in sylindra. i think it was 89,000 to make? and people are leasing them for like $5,000 for two years, and then they get a $7500 rebate for the green launch. maybe they are indoctrinating people. >> it is an indock trough nation. >> you live in l.a. where this should catch on, but it is not. i could see you in a volt. >> let me tell you what has caught on. the media is ruining this for everyone. let them give us a volt for $5,000, and then i can park in those amazing parking spaces with the plug ins which are always empty because no one apparently
FOX
Sep 11, 2012 4:00am PDT
. meanwhile, over at gm, the chevy volt is a hot seller, but it could be cutting into gm's long-term profits. gm invested $1.2 billion in the volt, but has sold so few of them - fewer than 14,000 - that reuters reports gm is losing around $49,000 on each volt made. congress is back in session. topping the agenda for lawmakers is keeping the government in operation. as the september 30th deadline quickly approaches, the house is expected to approve a bill later this week that will keep the government running. as well as passage by the senate by the end of the month. reports say a threat of a government shutdown sparked by the tea party is looking less likely as upcoming elections draw closer. also on the legislative list, president obama's bill to improve the economy through job growth, including jobs for veterans returning from iraq and afghanistan. the campaign cash race is heating up. president obama was the big winner in august. contributions to the president and the democratic party totaled $114 million. that is the first time the president has outraised his contender. mitt romney and th
FOX News
Sep 18, 2012 1:00pm PDT
in value. >> neil: big demand for the fusion, gm is trying its own fuel efficient cars. apparently the government is saying, not yet doesn't want to sell the stock chbhd i like the ford plan. we talked about this five years ago. we clearly put a plan in place to transform ford based on restructuring ourselves and operate profitably but also accelerate investment in the new vehicles. fusion launch, we didn't bet on one demonstrateder. we wanted to electrify an entire product line and give them a choice. new fusion today has a gas engine and as an eco boosting engine and you can get it in hybrid our plug in hybrid. we are making on the same production line and matching production is a real demand. >> neil: you ignored my question, which si think is brilliant. gm under writes some money. >> we announced the fusion today and the fusion hybrid 47 miles per gallon. eight miles per gallon to the toyota camry. >> neil: gm must totally stink? >> we are focused on the customer. >> neil: do you think looking out gm a's wants to get out of the way of the government's thumb, how wise was it to
FOX Business
Sep 18, 2012 11:00pm EDT
bureaucrats s s bitch, i care, you text, and man do you text. what do you think of gm wants out. [ owner ] i need to expand to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more money to small businesses than any other bank for ten years running. so come talk to us to see how we can help. wells fargo. together we'll go far. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the wat
FOX Business
Sep 18, 2012 8:00pm EDT
, you text, and man do you text. what do you think of gm wants out. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. neil: halftime, you are fully throttled because i was fully throttled by gm which no longer wants to be coddled. wake up, smell the exhaust fumes, you never are really free, that is flip side of bailout, you are never free, you are always some bureaucrat's bitch, you are government motors, fort eternity. >> okay it might have been extreme. the react coming in fast and futious. the text-messages came in fast. they made their bed and dealt with the devil, now they will experience truex economy hell. and because of what you said about gm, i will watch fox news again, you told the bold truth. you told th the country what wod happen, if you expect the government to always come to your aid. it was o
FOX Business
Sep 17, 2012 4:00pm EDT
years since the government bailed out the largest automaker. and gm is reportedly saying it wants to buy shares from the u.s. government of the company. sandra: but the u.s. government doesn't want to just yet. fox business's liz macdonald has details. >> that's right, sandra. if they did it down and the president would have to say look, we're posting a loss on gm shares because taxpayers still own half a billion shares in gm they're trading now at 24 bucks. you have to be at 53 to break even. so they have been underwater. $27 billion, if they sold now we would be hit with a loss. taxpayers would be hit with a loss depending on dollar amount and size of the shares. shrug of shares anywhere from 15 stal billion in losses to $7 billion depending how much was sold. we talked with general motors. they confirm they are in talks with general motors selling at a loss. here is what general motors are saying to fox business. tarp rules hurt in attracting talent. we're capped at pay we can offer executives. that's why we want out. hard to for someone to show up to work for the good of the coun
CSPAN
Sep 24, 2012 6:00am EDT
. >> here is senator tom carper from a hearing talking about the gm bailout. [video clip] >> with respect to the auto -- gm and chrysler, my recollection is that gm made some repayments, of what to say 6 million or $7 billion -- like taking money out of one pocket and paying peter with's money. could you refresh my memory? >> all to live -- part of the $49.5 billion we received equity in return. part of it was preferred shares and approximately $7 billion loan. that loan was repaid the money that came out of that park escrow account. so, the money had gone over to gm, so it goes in the possession as part of the bailout, but a segregated account of tarp funds. >> taking a deep breath as a layman, how are we supposed to understand this. in the and, what is the bill on gm? was the bailout the right thing to do? did they pay their loans? >> this is sort of an example, i think, of the government and the charge of a department taking a perfectly good story and then trying to make it look a lot better than it was for pr purposes, for political purposes. and as a result, you end up with i
FOX News
Sep 23, 2012 10:00pm PDT
compete gm and chrysler followed suit. 30 years before the uaw insisted. >> because they wanted to compete. >> we would still have the t's 30. >> she is wrong. workers' lives have them plantation proved because of free enterprise contracts helped but then they hurt even the union workers because the rules slow-growth and that is what is best for workers. henry ford doubled wages then hired more. years later they get benefits for awhile but growth slowed then stopped. compared gm with toyota it created 15,000 jobs in america. over the same period gm lost 400,000. how was that good for workers? >> union members should have a right to unionize. but the downside is the opportunities lost because union rules limit the of entrepreneurs ability to
FOX News
Sep 24, 2012 4:00am EDT
. eight-hour day came from the 1930's. >> 1914 henry ford doubled wages and to compete gm and chrysler followed suit. 30 years before the uaw insisted. >> because they wanted to compete. >> we would still have the t's 30. >> she is wrong. workers' lives have them plantation proved because of free enterprise contracts helped but then they hurt even the union workers because the rules slow-growth and that is what is best for workers. henry ford doubled wages then hired more. years later they get benefits for awhile but growth slowed then stopped. compared gm with toyota it created 15,000 jobs in america. over the same period gm lost 400,000. how was that good for workers? >> union members should have a right to unionize. but the downside is the opportunities lost because union rules limit the of entrepreneurs ability to
MSNBC
Sep 1, 2012 2:00am PDT
husband. she said i can't believe paul ryan lied about this. >> the plant closing, the gm plant, right there in his district that he said was the fault of obama when the plant was declared closed, stop making cars before obama ever got to washington as president. >> i got a letter today that was signed -- written june 3rd, 2008. seven, eight months before obama came into office. and it talked about the closing -- the planned closing, all the steps on closing the gm plant signed by paul ryan. >> let me tell you about when you are identified as a liar. if you are identified as a person not capable of telling the truth, not trusted and you're running for public office, that stench stays with you. you can't spend your way out of that image, period. you're toxic and you'll stay toxic on that issue. >> thank you, mayor brown. tough talk. tough analysis. thanks so much. have a nice labor day. and john nichols, you, too. >>> coming up, now it's president obama's turn with his convention. how does he distort those questions? are you better off than you were four years ago? we'll ask the
FOX
Sep 24, 2012 4:00am PDT
caused four crashes but no injuries so far. owners are asked to bring in cars to gm dealerships to fix the problem. earlier in september, gm recalled 400,000 chevrolet cruzes due to engine trouble. 2.5 years after the deepwater horizon disaster in the gulf, drilling and output are increasing. in fact, an energy consulting company says a gulf oil boom is about to flow. bentek energy predicts within 10 years production will gush 28%. before deepwater, the gulf had accounted for nearly a 3rd of our domestic output. it's now 20%. several oil companies have billions of dollars in new drilling projects planned. right now there are 4,000 platforms pumping oil and gas from 35,000 wells. kfc is closing all stores in pakistan after an attack on a restaurant in lebanon. a krispy kreme store and hardee's restaurant were also attacked in a strip mall in tripoli, lebanon. yum! brands, the owner of kfc franchises, was the first to shut down its restaurants as a precaution. kfc has a large presence in the muslim world. it owns 60 restaurants in pakistan and 11 franchises in the middle east. three stat
FOX
Sep 28, 2012 4:00am PDT
portfolio. the government still has stakes in gm and aig on the books. do you buy or sell those stocks? > > the first thing i want to point out is tarp made money, and a lot of money. they put $245 billion into the banks, and they've gotten $266 billion out already, and they still have $10 billion on the books. > > they have no business making money off this. it's not a central bank policy tool. > > do not sell gm at a loss right now. we can afford to wait. we have a little bit of a cushion to wait to see if it comes back up. > > i'm going to stand up and be counted. i still own aig. i'm embarrassed to say that my break-even is about $85 a share, but i'm not the u.s. government. > > that wasn't a trade, that was an investment. because it went against you, you didn't have an exit plan. but, looking at the charts, i think aig is at its highest essentially for the year, whereas gm is finding a good, solid support base at $20. and i believe in america. i don't know about you. > > i believe in america as well, but america has no business using the stock market as a central bank polic
FOX News
Sep 24, 2012 1:00am EDT
-hour day came from the 1930's. >> 1914 henry ford doubled wages and to compete gm and chrysler followed suit. 30 years before the uaw insisted. >> because they wanted to compete. >> we would still have the t's 30. >> she is wrong. workers' lives have them plantation proved because of free enterprise contracts helped but then they hurt even the union workers because the rules slow-growth and that is what is best for workers. henry ford doubled wages then hired more. years later they get benefits for awhile but growth slowed then stopped. compared gm with toyota it created 15,000 jobs in america. over the same period gm lost 400,000. how was that good for workers? >> union members should have a right to unionize. but the downside is the opportunities lost because union rules limit the of entrepreneurs ability to adapt and grow.
Current
Sep 14, 2012 10:00pm PDT
-breaking plug-in hybrid gm is still losing as much as $49,000 on each volt that it builds. according estimates provided to reuters by industry analysts and manufacturing experts. but that's ridiculous. because they spent all the money up front. it's called an investment. do you know that brett hume admitted that fox news lost $90 million a year for five straight years when they started. they lost $450 million before they turned a profit. if reuters in year four, oh my god, fox news is a disaster. they're never going to make money. now unfortunately the rest of the media is aiding them in this quest. here is chevy volts solyndra on wheels. gm's restauranted volt is on the road to nowhere fast, and on and on it goes. it's a good thing we have jacki schechner, our current correspondent who will set them straight. >> the "washington post" is the best. we spoke with warren brown who has been writing for 30 years. he called the editorial ignorant shortsighted and down right stupid. he said this is ignoring the fact that all other country are looking into alternative fuels or alternative tr
FOX Business
Sep 17, 2012 5:00pm EDT
for coming on. we appreciate your time. gm ramps up pressure to sell its entire stake in the automaker. is it time for uncle sam to ride off into the sunset? even if it means billions of dollars in taxpayer losses? i don't know about that. plus, mayor emanuel takes -- striking chicago teachers. does he have a real case to force teachers back into the classroom? "money" coming up. ♪ americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ so let's talk about coverage. based on this chart, who would you choose ? wow. you guys take a minute. zon, hands down. i'm going to show you guys another chart. pretty obvious. i don't think color matters. pretty obvious. what'sretty obvious about it ? that verizon has the c
FOX Business
Sep 18, 2012 12:00am EDT
coming on. we appreciate your time. gm ramps up pressure to sell its entire stake in the automaker. is it time for uncle sam to ride off into the sunset? even if it means billions of dollars in taxpayer losses? i don't know about that. plus, mayor emanuel takes -- striking chicago teachers. does he have a real case to force teachers back into the classroom? "money" coming up. ♪ six breaking up -- looking up is hard to do. wants to shed its government motors reputation wanting the government to sell off its remaining 26 and a half% stake at a loss to taxpayers. gm claims it is hurting the business and the ability to recruit top talent. is it time to the finely cut losses and other separate ways? should the government make sure is getting better every single penny from gm? with me now, step burgess, a senior editor at aol auto. thank you for joining us. as the star was making the rounds today, all i could think to myself, and gm ceo is doing a good job. all i could think, when you needed them, but now you want to get rid of the government image, so you what the taxpayer to test it out
FOX Business
Sep 17, 2012 10:00pm EDT
result from the bailout. isn't that nice. >> they effectively still a taxpayers $27 billion. yes, gm is a live according to the president, but alive a lot of taxpayer money. $27 billion. for us to get their money back his gm has to be trading at 53. is that stock has been under water since it went public in november 2010. it is now trading at $24. we spoke with gm, and gm effectively set, you know, it's hard for us to get executive power. the message was, the roping taxpayers will take the loss the so that we can on love this treasury ownership in gm so that we can attract talent because people don't want to come to work to do their fair share for the company. lou: they're looking for like a free enterprise job. >> executive bonuses. come on. that is what their agenda is. lou: i misunderstood entirely. i misunderstood entirely. governor romney is in trouble. how much? >> i don't know. i wonder if they're is a systematic bias in these polls because they all seemed so over several democrats. and if you look at the rasmussen told, party id, republicans are doing better than they have in the
CNN
Sep 8, 2012 10:00am PDT
romney opposed the plan to save gm and chrysler. [ booin ining ] so here's another job score. are you listening in michigan and ohio and across the country? >> the question now is, how are the campaigns going to spin that and how should it affect your vote? when we come back. you're watching y"your $$$$$" o cnn. ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. -oh, that's just my buds. -bacon. -my taste buds. -[ taste buds ] donuts. how about we try this new kind of fiber one cereal? you think you're going to slip some fiber by us? okay. ♪ fiber one is gonna make you smile. ♪ [ male announcer ] introducing new fiber one nutty clusters and almonds. from tests like this. ♪ and even more from real families who use them like this. we think there's another test to consider. it's based on one simple question. after living with your van, would you buy it again? more town & country owners do than the owners o
CNN
Sep 1, 2012 6:00pm EDT
nominee paul ryan about his remarks about closing of an auto plant, a gm auto plant, in wisconsin. >>> also, obama revealed. our own jessica yellin sits down with the president's closest advisers and friends. we're going to tell you what the chicago mayor, rahm emanuel, has to say about his former boss. >>> and how much trouble -- how much trouble could republican strategist karl rove face for his shocking comment that congressman todd akin of missouri might be found, quote, mysteriously murdered? i'll ask our senior political analyst, ron brownstein. he's been looking into this story for us as well. >>> the republican vice presidential nominee, paul ryan, went to a football game today between ohio state and his alma mater, miami of ohio. not good news for paul ryan. miami of ohio was crucrush ed by ohio state, 16-10. not a happy day in the world of football for miami of ohio fans, or paul ryan. paul ryan later joined mitt romney in jacksonville, florida, another another campaign stop. indeed, at every stop, he's been hammering away at president obama on the economy. and that was
CNBC
Sep 10, 2012 1:00pm EDT
is gm saying, listen, this map is way off base. we'll have numbers when "power lunch" returns. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade. check my investment portfolio, research stocks... wait, why are you taking... oh, i see...solitary. just a man and his thoughts. and a smartphone... with an e-trade app. ♪ nobody knows... [ male announcer ] e-trade. investing unleashed. >>> welcome back to "power lunch." looking at packaging stocks. they actually had a pretty good rally late last week on the heels of upgrades from goldman sachs. today deutsche bank putting a little bit of rain on that parade, downgrading the whole sector basically saying assumed price hikes should not be assumed. they're selling off sharply. rock tenn, still up 3.33% on the day. >>> very tense week for the bond market. time to check in with rick santelli at the cme. we got a 1.67 handle on the ten-year. how's it looking? >> reporter: i fi
CSPAN
Sep 23, 2012 8:00pm EDT
bundled up in other type of funds. >> here's senator tom carper talking about the gm bailout. [video clip] >> my recollection was gm made some replacements. i want to say $67 million. certainly taking one money out of one pocket. can you just refresh my memory on that? >> ultimately part of the $49.5 billion we received equity in return. part of it was approximately $7 billion long. that money was repaid by money came out of that t.a.r.p. excrow -- account. >> when you see this, how are we suppose to understand this? in the end, what's the deal on gm? was the bailout the right thing to do? did they pay their loans off? >> this is sort of an example, i think, of government and the treasury department taking a perfectly good story and then trying to make it look a lot better than it was for pr purposes. as a result, you end up with this confused mess. what happened here is that gm paid back part of its loan. we're still on the hook for tens of billions of dollars for general motors. we own shares of their stock. another part was through a loan. ultimately when they repaid that loan whi
FOX Business
Sep 6, 2012 11:00pm EDT
rally the american people they need the spirits uplifted. but the two applause lines is gm being alive whenever a democrat says that come of the crowd goes wild. that is the trophy use the administration wants to present as the accomplishment. neil: joe biden/paul ryan debate? pmi that will be one interesting debate. joe biden is known for gaffes paul ryan is young and smart but has the facts down. i think it will be as interesting if not the mitt romney / obama's square off. neil: i did agree with that position. always a pleasure. thank you very much. they are wrapping things up in charlotte north carolina. the to do list is done. both sides get the word out. republicans did a good job into but to make sure everyone was happy. democrats picked up on the theme and far from running away, embraced it and endorsed it. you have republicans rally around capitalism and democrats happily rallied around the notion of government. fox business would be serious about this but you see my eight ugly mug. unfortunately you don't see more retracted if people. those who are much better looking him mak
FOX News
Sep 10, 2012 10:00pm EDT
decision? guess what, you did. taxpayer money, you bailed out gm. gm paid the money back but taxpayers still own a stake in gm. gerri willis joins us. tell us about that report. >> it's very controversial. they are saying that gm is losing 49,000 on every vote slowly they sell. they had to mark them down. they put a lease price on these cars. so for $199 a month for two years, you get a lease on volt. spend $5050 for a car that cost $89,000 to build. sticker is $32,000. ultimately they are being forced to get rid of these things by discounting. people don't like these cars. they are expensive, they are expensive to run and typically bought by people who want to have the ability to say, hey, i bought the first hybrid plug-in designed by u.s. designers right here. at the end of the day, people are disappointed in this car for a lot of reasons. >> greta: i should read a statement, the estimate of the current loss per unit is grossly wrong in part because the development costs number of volts sold instead of lifetime of the program which is how business operates. is this business investmen
FOX Business
Sep 17, 2012 1:00pm EDT
? gm's offer amounted to a huge loss for taxpayers. liz macdonald. emac the bottom line. >> in the auto bailouts you will hear they were a win-win for taxpayers but win-win for jobs that is the debatable point. but not yet for the taxpayer recovery of money invested in gm the stake is still underwater, trading at about $24 a share. it has to hit $53 for taxpayers to break even to get the $27 billion back. we have been in touch with general motors they have confirmed to fox business it has been talking to treasury since the beginning of the year to unload the government's stake in gm. at what price is the key. also 500 million shares at, you know, $35 a share, right. >> which is the talk it could be in the 30s. that is nine billion loss. ashley: ouch. >> 24 is where it is closing at. you will see a $14 billion loss. that for all 500 million. depends on the share count. have to unload 200 million the losses go down. that is $7 billion loss. we taubed to gm, why now? why do you want to unload now? why do you want the government out? for that very reason, we do not want the government
Search Results 0 to 49 of about 720 (some duplicates have been removed)